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[TalkStar]

Do not chase easy money, it is tempting and very risky. Investment has always been a long time. The winner is the one who knows how to wait. Do not sell your coins on corrections, because this is exactly what the whales expect from you. Correction is a way to increase your investments, not a way to get rid of them.

Its the best part and no way to deny that without patience it is quite hard to make profit from crypto investment. After seeing bitcoin price pump and crypto investment potentiality in every singe second new people are joining crypto community with the hope of making easy money by investing in crypto currency but its really hard to say how many of the will be able to fulfil their dream.

From my personal experience I have seen so many new crypto investors who usually run after shitcoins and lose all their money where on the other side some make too much hurry to make early profits but finally results get sour for them.

I hope this thread will help newbies to gather some knowledge about proper crypto investment and strategy of making profits.

[20kevin20]

I just wish the time comes when all those shitcoins are dumped and taken off websites like CMC and exchanges. They do way more harm than good, but it's hard to take them off because usually these projects earn enough BTC/ETH through sales to "bribe" exchanges so their shitcoin could be kept on.

Shitcoins are definitely a very tempting choice, but unfortunately what you said is more than true. People do get a false feeling of investing in something that'll bring wealth in the future when in reality it's all about very short hypes ending up in lots of people going broke, literally.

My advice is to just hodl as well. Hodl because this is the least risky option you have. In fact, hodling has so far been proven to be the best strategy ever since BTC has started to exist. Out of all the choices I've ever made about crypto, not hodling was always the worst outcome.

[GreatArkansas]

There are a lot of people telling that they should've hodl their coins rather than use them for trading.
These days, it's like most crypto beginners' target in cryptocurrency is to trade, because they think doing cryptocurrency trading will make easy money, which they probably saw on random social media that telling crypto trading is to make easy money.

[SquirrelJulietGarden]

There are a lot of people telling that they should've hodl their coins rather than use them for trading.
These days, it's like most crypto beginners' target in cryptocurrency is to trade, because they think doing cryptocurrency trading will make easy money, which they probably saw on random social media that telling crypto trading is to make easy money.

Buy Bitcoin, save a private key of wallet, and HODL or forget it for a few years is best to increase your fiat balance.

Trading is the fastest way to lose your capital. Newbies will be attracted to margin tradings and it is worse and is the faster way to lose capital than Spot trading.

Buy and HODL is easiest way to get profit but not all people can do this. They like trading daily.

[BitcoinBarrel]

Buy and hold is good until the price corrects and you lose 50% of your holdings. It's ok to sell sometimes. Best is to build income streams, not trying to get rich off holding.

[pooya87]

Actually many newbies do indeed "buy and hold" but the problem is that is two things:
1. When instead of choosing bitcoin and bitcoin alone, they decide to buy altcoins and then start losing money as they get dumped in long term.
2. They do buy bitcoin but they panic sell it the first time there is some sort of FUD and small drop and lose a ton of money making that bad mistake, some of them panic buy at a higher price to lose more money and end up with a lot less bitcoin than they initially had.

[cryptoaddictchie]

Depends on your risk apetite OP. Sometime selling at a a particular time is good and wait for a bih drop again. Buy and hodl is good if you have no interest to get profit right away and focus on the accumulation and hit a jackpot later on. I think thats a good way for those who dont worry about theit investment for long term. But some have of course worried when they saw their portfolio bleeding. If there is an opportunity to sell then its not bad to take profit and wait for an entry time again.

[Darker45]

No doubt, buying and hodling Bitcoin is indeed the safest strategy for a beginner, that is, provided one has already been well-informed about the fact that the price fluctuates all the time.

Hodling seems very easy at first but it actually is not, especially to a beginner who hasn't yet experienced the extremes of price fluctuations. Imagine you're a newbie and you're suddenly seeing the price quickly plummeting down 50% from the price at which you made your purchase. If you're not briefed of that possibility and told to always brace for its possible coming, you might end up one among so many who ended up panic selling.

So if you're a newbie who has decided to buy and hodl, please know that you will go through the best of rides. Just be steadfast, hodl tight, and think of the long term.

[maydna]

Buy and hold is a good strategy for crypto beginners, especially if they don't know how to analyze the market movements. It will make them not too worry if the price moves because they will only sell their coins if the price increase. If the price can't increase in a short time, they can still hold it and buy more amount while they are waiting for the price increase.

But if they can learn more about trading, it is better to trade their coins and make a profit. But that will not be easy as it says because they need skills and experience to make a profit. So if you think you are difficult to analyze where the price will go, it is better to hold for a while.

[lovesmayfamilis]

The funny thing is that your post, which contains a lot of very useful tips, may not be read by newbies. They are lazy. How do people know about this forum? Their friends tell them, and friends probably once made a bounty, and they have developed a reflex to subscribe to such programs. People are greedy by nature, and those who even decided to invest their money in bitcoin will every day and nervously expect its growth, and accordingly wait for their profit. But as soon as bitcoin falls, we see how those who are not sufficiently aware of the fact that bitcoin needs to be stored, immediately sell it, and, as a rule, regret it afterward.
This is the most common scenario of how people become long-term investors . Having survived our mistakes, and observing further growth, we begin to study more seriously and come to an understanding of Hodling.
I know a lot of people who have gone this way, but I am extremely surprised by those people who work out of habit for 5 years in the bounty, hoping to hit the jackpot on shitty tokens.

[hatshepsut93]

The big question is WHEN you buy. If you buy in the middle of a bull run, fail to sell at the top, then the price crashes below your buy price and you're still holding, then you're missing out on the gains that you could have made if you bought later. You'd still be making profits in very long run, most likely, but it shouldn't be that hard to find the bottom or close to the bottom of a cycle. Consider this a slightly advanced for of "buy and hodl".

[jseverson]

The big question is WHEN you buy. If you buy in the middle of a bull run, fail to sell at the top, then the price crashes below your buy price and you're still holding, then you're missing out on the gains that you could have made if you bought later. You'd still be making profits in very long run, most likely, but it shouldn't be that hard to find the bottom or close to the bottom of a cycle. Consider this a slightly advanced for of "buy and hodl".

This is absolutely correct, but if the bolded part is truly "not that hard", no one would lose money on Bitcoin. You may want to elaborate a bit. Personally, I feel like beginners should just dip their toe in, especially if they're in it for the long run; trying to catch dips without experience would simply contribute to decision paralysis.

Also, I share this on threads like this all the time, but statistically, lump sum is statistically better than dollar-cost averaging. Both have their advantages, but it's always good to have more info before making a decision.

[hatshepsut93]

This is absolutely correct, but if the bolded part is truly "not that hard", no one would lose money on Bitcoin. You may want to elaborate a bit. Personally, I feel like beginners should just dip their toe in, especially if they're in it for the long run; trying to catch dips without experience would simply contribute to decision paralysis.

Also, I share this on threads like this all the time, but statistically, lump sum is statistically better than dollar-cost averaging. Both have their advantages, but it's always good to have more info before making a decision.

People only lose money in Bitcoin when they FOMO in a middle of a bull run, then panic sell when there's a dip or a crash. What I'm saying is that it's better to wait for the bear market to buy, instead of FOMOing during a bull run, because the price will likely be lower.

I agree that it's better to invest in one ago instead of doing DCA. Bitcoin is growing in long term, so you're missing out on profits by not buying early.

[cheezcarls]

Absolutely correct! It doesn’t matter how long will that coin or token gonna “moon”, but it’s still the best strategy for you to take profits no matter crypto are you holding (except if that is a rug pull type of coin). I had some coins way back in 2018 that doesn’t have any value at all or not listed in any exchanges. A couple of years later, they have listed and I immediately took profit of it. The thing is that we have to acknowledge the risks before buying that specific coin or token.

[masulum]

Hodl when new traders buy at the highest price (near ATH), is a difficult thing for them. In fact, I myself am not a newbie, but if I see assets going down, of course there will be a sense of disappointment. This is a natural thing. Then, one's need for money may be an obstacle to hold, I remember what my friends on the Indonesian board said, both trading and holding is a good thing. The most important thing is asset management. This seems easy, but for beginners, this may just be advice that can't be implemented because of the panic factor.

I agree with You regarding playing on tokens that just appeared yesterday, staking on an obscure platform, it's very risky. I'm currently one of the early shitcoins players, so it's not recommended for beginners to join, because when it's dumped, unlike BTC, it's likely that the dump will end in a scam. if he is a rich person, fine, but for people who put some of their money in crypto and reduce the need to live ^{(of course this is not good from beginning)}, never play in Early tokens.

[Alisha-k]

Every form of investing in cryto currency requires risk none of the methods is totally free. But I agree with you that the first step in learning how to invest in cryto currency is to buy and hodl since it doesn't require much technique. It only needs an emotionally sound mind who wouldn't allow FUD nor FOMO have strong grip on his decisions.

[sapnu]

Before committing to such strategies, it would be best if you would first learn about the crypto you will be investing in. For sure, buying during a dip and holding can be a simple strategy for a newbie to earn but there are still a lot of ways on how an investor can earn more without relying on such strategy. It does not work all of the time so might as well find some other ways on how you can benefit in crypto without depending on holding. Just be strategic and wise with your decisions, you wouldn't need to hold for a long time anymore not unless it is the only way, so start studying the coin you want to get involved with.

[pooya87]

Run nodes which reward you for validate transaction is less risky than other points you mentioned, unless the cryptocurrency isn't popular or clone from more-popular cryptocurrency.

Generally speaking when you have a "hot wallet" that contains your private keys and your coins and it is exposed to the internet 24/7 as you validate transactions to get paid for it, you are at a very high risk regardless of the cryptocurrency and whether it is a clone coin or not. Not to mention the risks involved when such coins with terrible supply distribution design get dumped hard.

[Erdogan]

Buy and hold is good until the price corrects and you lose 50% of your holdings. It's ok to sell sometimes. Best is to build income streams, not trying to get rich off holding.

This thread is for total beginners. In order to know when to sell, you need to have quite a lot of knowledge about the history of cryptocurrency market and the current situation. Be able to find real and valuable information, and do not trust fake news. I also believe that buying and holding is the safest way to invest for beginners. Those who did so a few years ago can confirm it for sure.